Plus500 Review: Spreads & Demo account

CFD brokers, Crypto Brokers Plus500 Review: Spreads & Demo account


This Plus500 review will introduce you to one of the most known CFD/Forex brokers. The broker fully supports 32 languages, has very tight spreads and it offers a free unlimited demo account.


Plus500 is market leading provider of CFDs which is around for a very long time. This broker first started offering its services back in 2008, since then it has built a huge base of traders from all around the world. It is one one of the biggest brokerages companies out there, you can even trade their stock, the symbol is “PLUS:LN”. The broker offers a free demo account, guaranteed stop loss and a very customer-friendly platform which can be appreciated by both beginners and professional traders. 2 000 trading instruments are available at the Plus500 platform.

Detailed information from Plus500 review

  • Our rating:8.5 Stars (8.5 / 10) 1. Place United States
  • Website address:
  • Leverage: up to 1:300
  • Instruments: CFDs – Forex, commodities, stocks, indices, ETFs, Cryptocurrencies
  • Minimum deposit: 100€
  • Minimum size position: Micro lots from 0.01 lot – about 5€
  • Demo account: Yes, unlimited for free
  • Methods of deposit and withdrawal: Wire Transfer, PayPal, Skrill, Credit and debit cards (Visa/MasterCard)

Chart of the currency pair EUR / USD at Plus500

Trading platform of the broker

The trading platform is very intuitive and it can be accessed by a computer or by a smartphone. In addition, Plus500 offers two ways, how you can trade from your computer. Either you can choose the WebTrader platform to trade directly from the browser, without downloading any software. Or you can use the Plus500 software (Windows trader), which I personally prefer most of the time when I am trading from my computer. In the Windows trader, you will be able to orientate much faster plus I feel like I have all the tools and features at my disposal right away. One of the indisputable advantages that the broker has is a wide range of trading instruments, overall there are approximately about 2 000 instruments to trade.

Plus500 free demo account

Broker offers an unlimited practise account with imaginary 500 000 money. A demo version works exactly on the same principle as a real account with only one difference that you trade with imaginary funds. As a result of that, you can freely try out Plus500 platform or any strategy without taking any risks whatsoever.

Trade smart – limit your risks (SL/TP) and notifications

At Plus500 traders have access to special tools and features that they can use in order to limit their trading risks. The two most important of them are called a guaranteed stop loss and a take profit which can be set at a guaranteed price level. Once an asset reaches this level, the trade closes itself. This way, you can easily adjust the risk of each and every one of your trades. In addition to the SL/TP, you can also set up alert alarms which will notify you when the price reaches a certain value. Unlike from the stop loss and the take profit, this feature will not close the trade. Therefore, the decision whether a position will remain opened or not depends entirely on the trader. This warning can be set up by clicking on the bell icon in the details of your instrument, after that, a new window will be opened with Price Alert function.

Plus500 fees and spread

Now let’s see how Plus500 actually makes money. As you certainly know, nowadays there is nothing for free and even broker must somehow finance its operations. Plus500 makes most of their money just on the spread, i.e. the difference between a bid price and an ask price. That is actually not something we see very often because some other CFD brokers also charge a fee for setting up each position. Plus500 spreads differ from an instrument to an instrument, but overall they are very tight. The only additional fees, with which you could come across are called a night premium and an inactivity fee. A night premium fee occurs only when you remain in a certain position even if the market is already closed.

Is Plus500 a scam?

After my full inspection, I can say without hesitation, that Plus500 is not a scam. There are several things that play in brokers cards which are indicating, that it is a trusted broker. For start, Plus500 has a huge base of traders from all over the world whom they managed to attract due to high-quality services. (In the year 2016 they all together made trades in the worth of 1042 + billion of $). The broker is also around here for quite some time (since 2008) and therefore if it would be a scam it would be by now certainly exposed by its traders. Company Plus500 is also listed on the AIM section of the London Stock Exchange. Apart from the fact, that we can trade its shares (symbol: PLUS:LN) there are also much stricter rules which are applied to companies that are listed on the London Stock Exchange. So any unethical act is fully excluded.

Plus500 Ltd. is a parent company which is authorised and regulated by three main regulatory authorities. In the UK they are regulated by well-known FCA (Plus500UK Ltd – license number 509909), in Europe by CySEC (Plus500CY -license number 250/14) and in Australia by ASIC (under the name Plus500AU Pty Ltd. – license number 417727). Therefore your funds are insured and safe in case of any problem with the broker (like from insolvency and others).






When trading with real capital, your funds are at risk.

Overall Rating

Overall Rating

Trading platform


    Tight spreads


      Reputation, credibility


        Customer support



          • No commissions
          • Tight spreads
          • Simple and transpartent platform
          • Unlimited free demo account
          • Wide range of trading instruments


          • You can not program you own trading robots
          • You can not use custom indicators


          Author: Michael

          Hi, I'm Michael and my area of expertise is forex and binary options trading. I specialize in technical analysis, namely in chart pattern set ups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. You can reach me at or in the comment section under any article.


          8 comments on “Plus500 Review: Spreads & Demo account

          1. Hello, I want to verify my address but so far without any success. I tried to scan my bank statement, my phone statement and even my utility bill, but nothing seems to be working. Do you have any idea where might be the error? Thank you for your reply.


            1. Hello,
              And what Plus500 support wrote to you? Feel free to copy paste it here and we will try to advise you further steps.



              1. The document you uploaded shows an address of your residence outside the country under which the account is registered. Please explain the reason for this difference by contacting our support team.

                1. Ok, that is quite clear. You have probably made a mistake in the registration process and the country of your residence you selected there does not correspond with the one you provided on the document. Try to explain to them why and how you made the mistake and what is the correct address. I think that shouldn’t be a problem, please update us if everything went smoothly.

                  1. Yee probably, I live in Germany, I have no idea what country did I fill in the registration process, that is weird. Nevertheless, they already replied to me this morning and everything seems to be ok, my account is verified now. Glad there were no bigger issues with this, I was really afraid that something bad would happen with the deposit I already made. Thanks for the assistance.

          2. I want to start trading CFD, but I am quite scared to lose money. I heard that with leverage trading you can lose more money that you deposit. Is that true?

            1. Hello, Ash. If you are scared to lose money, then firstly try their free demo account. Nevertheless, At Plus500 you can not lose more money than you have on your account. So even if you were to lose more than you have at your plus500 account you don’t have to pay a dime because of their negative balance policy.

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